* The BSE index falls 0.26 percent to 19,340 and the NSE index is down 0.3 percent to 5,882.75, on profit-booking. * India's 50-share index has been trading in the "overbought" territory, with its 14-day relative strength index around 70. * Asian shares were steady near 16-month highs on Thursday, supported by hopes that U.S. lawmakers will reach a compromise to avoid the so-called fiscal cliff of year-end tax hikes and spending cuts which threaten to push the U.S. economy back into recession. * Leading the falls Infosys drops 1.8 percent while Tata Consultancy Services is down 1.6 percent on Cognizant Technology Solutions Corp SEC filing. (email@example.com /; firstname.lastname@example.org)
BRIEF-Cybertech Systems & Software Sept-qtr profit rises
* Sept quarter net profit 40.9 million rupees versus 5.5 million rupees year ago
UPDATE 1-Tata Steel, Indian Hotels say financial statements accurate
MUMBAI, Oct 27 Two Tata group companies, Tata Steel Ltd and Indian Hotels Co on Thursday said their financial statements present a true and fair value of their respective companies, in response to stock exchange requests for clarification.